|All Time High:|
|Market Cap: |
|The price of #CTK today is $0.86 USD.|
The lowest CTK price for this period was $0, the highest was $0.863, and the current live price for one CTK coin is $0.86309.
The all-time high CTK coin price was $3.96.
Use our custom price calculator to see the hypothetical price of CTK with market cap of BTC or other crypto coins.
|The code for Shentu is #CTK. |
Shentu is 2.2 years old.
|The current market capitalization for Shentu is $76,354,563.|
Shentu is ranking downwards to #270, by market cap (and other factors).
|There is a big volume of trading today on #CTK.|
Today's 24-hour trading volume across all exchanges for Shentu is $5,573,079.
|The circulating supply of CTK is 88,466,721 coins, which is 76% of the total coin supply.|
|Note that there are multiple coins that share the code #CTK, and you can view them on our CTK disambiguation page.|
What is a Smart Contract Audit?
A smart contract audit is a line-by-line inspection of a contract’s code. Smart contract code review aims to find security vulnerabilities and code inefficiencies. Auditors propose solutions to the issues encountered during the audit and recommend ways for clients to remediate vulnerabilities. — Why are smart contract audits important? - Smart contracts are self-executing, which means the terms of the agreement are written directly into code. Because they run on blockchain networks, they are also immutable and cannot be altered once deployed. This makes them highly secure, but also means that errors in the code can have serious consequences. By undergoing pre-deployment audits, developers can ensure that their smart contracts are secure and reliable, and function as intended. Decentralized finance (DeFi) applications powered by smart contracts secure billions of dollars of value. However, they’re mostly unintelligible to anyone who hasn’t learned one of the programming languages they’re written in. And these languages are brand new: Solidity — the first fully-featured smart contract programming language — is less than a decade old. As most people who interact with smart contracts are unable to read them, there is a strong and growing need for smart contract auditing services. Smart contract audits cannot be treated as an afterthought. Security should be integrated into all steps of the development pr...
How Algorand’s State Proofs Power Blockchain Interoperability
Algorand’s recent implementation of State Proofs marks a major step forward for web3 interoperability. With the increasingly mature web3 ecosystem seeing users move between different blockchains more frequently, finding simple and secure solutions to interoperability is a major challenge for the sector. This blog looks at what interoperability is, some of the solutions that are already available, and how Algorand’s State Proofs offer a major improvement on prior art. It will then underscore the importance of securing the growing Algorand ecosystem with Algorand smart-contract audits, and other web3 security tools developed by CertiK. What is Interoperability? One model for imagining the current blockchain landscape is by picturing a collection of islands in an ocean, each with its own ecosystem, rules, and currency. Using this as a picture, interoperability refers to the ability of each island’s population to travel and trade with their neighboring islands. Naturally, this is a highly desirable functionality for the web3 ecosystem. With most web3 users not isolating themselves to a single chain, being able to smoothly cross over from one chain to another drastically increases convenience, efficiency and cost. Cross-Chain Bridges One popular yet controversial solution to the problem of interoperability has come in the form of cross-chain bridges: technologies that serve as trusted intermediaries for funds and that allo...
Bootstrapping the Sustainable Web3 with Algorand
In committing to becoming a carbon-negative blockchain, Algorand leads the way in web3’s push to become a sustainable ecosystem. This blog looks at what it means for Algorand to truly be sustainable, discusses the importance of web3’s wider shift to sustainability for mainstream adoption, and spotlights some of the projects in Algorand’s ecosystem that are finding novel uses for blockchain in helping prevent climate change. It will close with a discussion of the importance of Algorand smart-contract audits and other web3 security tools to secure the substantial data that these projects hold. The Sustainable Web3 A common criticism of web3 is that it is unsustainable and bad for the environment. This is a narrative that has emerged from bitcoin’s use of Proof of Work and the exorbitant energy costs miners ramp up in the race to validate the next block. Yet, whilst true that Proof of Work (PoW) does pose significant problems for both energy consumption and cost when scaled up, many in the web3 ecosystem have already moved away from PoW to more fuel-efficient consensus mechanisms such as Proof of Stake (PoS). Most significantly Ethereum’s recent shift to Ethereum 2.0 in the Merge is a clear sign that the future of web3 is green. Algorand is at the forefront of this movement toward a sustainable web3. Since its inception, it has stressed the importance of low energy consumption, not only for the environment, but also ...
What is Algorand?
Algorand is a layer 1, proof of stake blockchain developed by the MIT professor Silvio Micali in 2019. As a payments-focused network, Algorand provides rapid transaction speeds and near instant finality, opening the doors to a host of users, developers and investors seeking to take advantage of the network’s speed and scalability. Because of this Algorand has gained a reputation as one of a handful of “Ethereum Killers”, (the moniker given to any blockchain with the potential to out-compete Ethereum) by offering low gas costs and fast transaction speeds. This blog post provides a primer for Algorand’s technology and ecosystem. It then underscores the importance of an Algorand smart-contract audit to ensure the ongoing security of its network. What is Pure Proof of Stake? Algorand uses Pure Proof of Stake (PPoS) as its consensus mechanism, which is designed to be accessible to the highest number of participants by having a far lower stake required for participation when compared to other networks, requiring only 1 ALGO coin to take part in the staking. To put this in perspective, Ethereum 2.0 currently requires a minimum stake of 32 ETH to participate. This is part of the reason why Algorand describes itself as one of the most democratic implementations of a public ledger, as participation in the consensus process is open to a wide cohort. In this way, Algorand partly offers a resolution to what has been a criticism ...
How NEAR Achieves Finality with Doomslug
Doomslug is one of the key innovations at work behind the scenes of NEAR Protocol that is driving the adoption of the platform. Without it, NEAR’s impressive speeds and scalability would be impossible. To understand what Doomslug is, and how it works to scale NEAR, we have to take a look at one of the primary metrics of blockchain architecture: finality. This blog will do just that, unpacking what finality is, why it is important, and how NEAR achieves it with Doomslug. It will then underscore the importance of NEAR smart-contract audits as an essential tool for securing the NEAR ecosystem, and ensuring the benefits supported by Doomslug aren’t squandered to attack. What is Finality? Needless to say, the last few years have been an explosive time for web3, with new protocols, projects, and technologies being developed at an incredible rate. Many of these new technologies have focused on resolving blockchain’s notorious scalability problem, which has been the central problem in the sector for some time. Yet, in the rush to resolve scalability, many protocols have gotten stuck on a vital element within blockchain security, known as finality. Transaction finality refers to the point at which a transaction handled by the network can be considered irreversible. This is understandably essential for the proper operation of the network; if transactions can be reversed, malicious actors may want to manipulate the network for the...
What NEAR’s Focus on Usability Means for the Web3 Ecosystem
The history of web3 is partly a history of overcoming key hurdles on the path to mass adoption. First, bitcoin overcame the initial hurdle of how to create a decentralized ledger technology itself. Later Ethereum showed a way of expanding blockchain technology to facilitate a near infinite functionality with smart contracts. Today, the primary hurdle has been the scalability problem, yet with the recent Merge and a host of highly scalable platforms now available, this major hurdle is arguably in the rearview mirror. With the web3 ecosystem closer to mass adoption than ever before, NEAR protocol has been addressing one fo the next big hurdles for the industry: usability. Co-founder of the protocol, Alexander Skidanov, has compared the current state of blockchain to a stadium in the desert, writing that, “A scalable blockchain in the modern world is like a stadium in the middle of a desert: it has a lot of seats, but nobody to sit on them”. For him, creating a usable ecosystem is the fastest way to fill those seats and achieve mass adoption. Yet what does usability mean? The short answer is that usability is the quality of being intuitive and simple to use. However, when it comes to blockchain, this means a variety of things depending on what a person is using it for. To address this, NEAR is implementing multiple features designed to address usability for both users and developers. Developers For a long time now, so-calle...
Understanding How NEAR Scales with Nightshade
NEAR protocol enters the web3 space with a host of innovations both at the level of its underlying technology, and its overall mission to put usability first. Central to both of these is its game-changing scalability solution known as Nightshade, which implements a unique sharding protocol that will ultimately lead to what it calls a ‘’fully-sharded’ network. This blog will provide a recap on the need for scalability in blockchains, some of the existing solutions on the market, and how NEAR disrupts and innovates within this space. It will then go on to underscore the importance of NEAR smart-contract audits as a means of bolstering the underlying security of the NEAR ecosystem, and equipping NEAR projects with the confidence they need to succeed. — Scalability problem recap - First, let’s recap the blockchain scalability problem, and why it is so important. As its name suggests, the scalability problem refers to the challenge blockchains face in being able to continue to function as they scale to serve a wide user base. This is difficult because of blockchain’s need to also be decentralized and secure– in what Vitalik Buterin famously coined as the blockchain trilemma. Within a network with a small user base this isn’t a problem, as the network has the throughput to process transactions faster than they are occurring. However, as blockchain technology grew in popularity, the networks struggled to proces...
How NEAR is Driving Innovation in Game-Fi
Game-fi is increasingly touted as a key on-ramp for initiating new users into the web3 ecosystem. With such an avid gaming community hungry for new ways to play and interact, game-fi offers an open door into not only new games, but also new forms of gaming. NEAR is leading the way in this sector by providing a technology that is uniquely suited to providing game-fi developers the platform they need to create. This article will run through why game-fi is set to be a pillar of the web3 ecosystem, how NEAR’s technology is geared to support it, and the importance of NEAR smart-contract audits in securing game-fi for the future. Gaming in the Web3 Ecosystem Gaming is one of the industries most impacted by the seismic force of blockchain and decentralization, and NEAR protocol is positioned as one of the leading platforms for developers to build the future of gaming. For those that don’t know, game-fi refers to any game that is built on the blockchain. Whilst this may sound underwhelming, being built on the blockchain allows for a host of radical new functionalities and forms in gaming previously unimaginable. So, imagine an open-world online role-playing game in which the coins and assets you earn translate into real-world assets. Imagine then transferring these assets between games and trading them in external marketplaces as part of rich economies that expand far beyond single games. These are just some of the possibiliti...
What is NEAR Protocol?
NEAR protocol is a layer 1 blockchain with big ambitions. With its declared mission to put usability first and change the world of web3, NEAR is set to open out the web3 space to millions of new developers, programmers, and users. As a smart contract enabled, layer 1 blockchain, NEAR Protocol has inevitably been positioned as a competitor to the Ethereum network, and is placed alongside a handful of other layer 1 networks such as Polkadot and Solana as ways to provide more scalable alternatives to Ethereum. Within this, NEAR distinguishes itself with its ambitious speeds, which are set to reach 100,000 tps once it is fully implemented, making it capable of speeds well and beyond the current 7000 tps of Visa. Throw in transactions that reach finality in 1–2 seconds and that cost less than a penny, and it’s no wonder why many developers are flocking to NEAR. This article will serve as an introduction to NEAR Protocol, unpack some of the innovations of its underlying technology, and underscore the importance of securing the NEAR ecosystem with a NEAR smart-contract audit. How it does it NEAR achieves these numbers through its innovative use of sharding. Sharding is the process by which the network is split into fragments –‘shards’ — so as to lessen the computational throughput on each node. This system means that each node only has to handle the portion of the network’s code that is designated to it, rather t...
How Avalanche is Innovating in Three Key Sectors
rt The radical potential of Avalanche’s technology is already supercharging innovation in some of the most disruptive sectors in the web3 space. It’s one thing to sing the praises of Avalanche’s underlying architecture, it’s another to understand how that architecture is facilitating growth in real terms. This article will do just that, taking you through some of the most exciting developments in the web3 space today, and explaining how Avalanche is designed to meet their specific needs and capacities. It will then detail how the Avalanche network, in conjunction with an Avalanche smart-contract audit, works to foster unparalleled security throughout its ecosystem. Game-Fi One of the most eye-catching developments in the web3 ecosystem in recent years has been the growth of game-fi, also known as P2E (play-to-earn), which marks a revolution in the gaming world by allowing players to immerse themselves in online worlds like never before. What’s more, game-fi allows players to earn things such as cryptocurrencies and NFTs by completing tasks, battling other players, and trading in the in-game economy. This rich world of trade and interaction even extends beyond the limits of one game, as the blockchain allows in-game assets and characters to be transferred across to other applications in the ecosystem. So an exclusive skin or hard-won item can be traded and exchanged in NFT marketplaces and crypto exchanges. Given th...